CryptoKraze Technical Analysis
Possibility on 1 Hour Chart
If you look at 1 hour chart, you will see $Iconomi has made an impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.
- I would have a buy entry at 0.00019000 with my profit target around 0.00025000 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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great news.
i think its a techonological system...
its an informative post.
carry on please...
Significant increase. Usually when this happens then the decrease will be significant too @cryptokraze.
I'm not an expert, it's just that sometimes I see up and down charts. Less significant increments will usually be more stable.
If you are not expert then try to learn these patterns and observe. You will understand.
Absolutely right @cryptokraze, I shoul try to learn it. Thanks
Splendid!!!
Is it featured on Cryptopia or Binance?